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ryzh [129]
3 years ago
13

"When a company applies the partial equity method in accounting for its investment in a subsidiary and initial value, book value

s, and fair values of net assets acquired are all equal, what consolidation worksheet entry would be made?"
Business
1 answer:
Phoenix [80]3 years ago
4 0

Answer:

No entry is made

Explanation:

When a company applies the partial equity method in accounting for its investment in a subsidiary and initial value, book values, and fair values of net assets acquired are all equal, there would be no entry in the consolidation worksheet. The reason is the initial investment in the subsidiary, the initial value, book values and fair values of net assets acquired are all equal, no changes has been made.

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Period costs are a.classified as direct labor, direct material, or factory overhead b.not involved in the production process c.f
goldfiish [28.3K]

Answer:

Not involved In the production process

Eg. Selling expenses or advertising expenses

3 0
3 years ago
Creswell Farms produces and sells clover honey and wants to expand its product line. A brainstorming session results in 40 diffe
Gwar [14]

Answer:

In this scenario, Creswell Farms is in the idea generation stage of the new product development process.  

Explanation:

Idea generation stage refers to the stage which involves the creation, development, and communication of the ideas. The process involves the construction of the idea and transforming the concepts into reality. The initiation of a project begins with the generation of the idea generation stage. In the above case, the suggestions are provided which would help the business of the product. Hence, this refers to the idea generation stage.

7 0
3 years ago
What type of life insurance has cash value
alisha [4.7K]
Whole life policies provide “guaranteed” cash value accounts that grow according to a formula the insurance company determines. Universal life policies accumulate cash value based on current interest rates. Variable life policies invest funds in subaccounts, which operate like mutual funds.
7 0
3 years ago
f interest rate parity (IRP) exists, then triangular arbitrage will not be possible. A. true. B. false.
Levart [38]

Answer:

A. True

Explanation:

Arbitrage refers to a situation wherein a gain is made owing to price discrepancy or unevenness in two markets. The rule for arbitrage is to buy from the markets where price is less and sell in the markets where price is higher.

Triangular arbitrage occurs wherein 3 different currencies are involved and the exchange rates are not uniform i.e a discrepancy exists and interest rate parity does not hold true.

Interest rate parity refers to the concept wherein the disparity between two currency exchange rates is adjusted by the respective interest rates of the two countries. When interest rate parity exists, no arbitrage is possible as markets are fairly priced.

3 0
3 years ago
Majid Corporation sells a product for $195 per unit. The product's current sales are 42,300 units and its break-even sales are 3
evablogger [386]

Answer:

$1,389,375

Explanation:

Data provided as per the question:-

Product per unit = $195

Current sales = 42,300 units

Break-even sales = 35,175 units

The computation of margin of safety in dollars is shown below:-

Margin of safety (in units) = Total sales - Break-even sales

= 42,300 - 35,175

=7,125 units

Margin of safety (in dollars) = Margin of safety × Product per unit

=(7,125 × $195)

= $1,389,375

5 0
3 years ago
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